Common use of Currency for Rendering Accounts Clause in Contracts

Currency for Rendering Accounts. All initial deposits to Customer Accounts will be accepted only in either Canadian Dollars or USD, and, unless settlement and delivery of a Foreign Currency have taken place, all Account Balances will be computed and reported only in the currency used by the Customer to initially fund its Customer Account or the base currency elected by the customer should they not deposit CAD or USD. Note that if you choose USD as your base/funding currency, you will be required to make all deposits in USD and any P/L or transactions in your Customer Account will be recorded in USD.

Currency for Rendering Accounts. All initial deposits to Customer Accounts will be accepted only in either Canadian Dollars or USD, and, unless settlement and delivery of a Foreign Currency have taken place, all Account Balances will be computed and reported only in the currency used by the Customer to initially fund its Customer Account or the base currency elected by the customer client should they not deposit CAD or USD. Note that if you choose USD as your base/funding currency, you will be required to make all deposits in USD and any P/L or transactions in your Customer Account will be recorded in USD.